Dell Stock Chart Looks Bullish, But Can Q4 Earnings Power It Past Resistance?

Dell Technologies Inc DELL will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $2.53 in EPS and $24.56 billion in revenues as the company reports after market hours.

The stock is up 26.31% over the past year, down 0.76% year-to-date.

Let’s look at what the charts indicate for Dell stock and how the stock currently maps against Wall Street estimates.

Dell Stock Strongly Bullish Ahead Of Q4 Earnings

Chart created using Benzinga Pro

Dell stock is exhibiting a strongly bullish trend. Its share price is trading above its five-day, 20-day and 50-day exponential moving averages. This suggests sustained buying pressure, reinforcing the stock's positive momentum.

The Moving Average Convergence Divergence (MACD) indicator at 0.94 further supports the bullish outlook, signaling potential upward movement. Additionally, the 20-day and 50-day simple moving averages (SMA) at $111.04 and $112.98, respectively, are either below or right next to the stock, indicating continued strength in the short- to mid-term.

However, there are some mixed signals. The eight-day SMA at $116.52 creates a bearish signal, suggesting some near-term resistance. The 200-day SMA at $122.99, well above the current price, indicates a longer-term downtrend. This could act as a hurdle for sustained gains.

With a Relative Strength Index (RSI) of 49.90, DELL stock is in neutral territory, suggesting the stock is neither overbought nor oversold. Investors should watch for a break above the 200-day SMA for confirmation of a sustained bullish trend, while any dips toward the 50-day SMA could present buying opportunities.

Dell Analysts See 24% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Dell stock stands at a Buy currently with a price target of $134.05. The latest analyst ratings from Citigroup, BofA Securities and Morgan Stanley imply a 23.89% upside for Dell stock, with an average price target of $141.

DELL Price Action: Dell stock was trading at $112.85 at the time of publication.

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